Issue link: https://maltatoday.uberflip.com/i/1138801
04.07.19 5 NEWS IDENTITY MALTA AGENCY CHANGE IN OFFICE OPENING HOURS CENTRAL VISA UNIT AS FROM 1 st JULY 2019 THE CENTRAL VISA UNIT WILL BE OPENING FROM: MONDAY TO FRIDAY 08:00AM - 02:00PM (Excluding Public Holidays) The Central Visa Unit will be accepting general queries, the submission of applications, including student visas, and passport collections on a daily basis t +356 2590 4550 e visa.ima@gov.mt w www.identitymalta.com MEDSERV announced that Medserv (Cyprus) Limited has been awarded a contract by Total E&P Cyprus to provide Shore Base Logistics services for drilling activities taking place off shore Cyprus. e contract duration is for a fi rm period of one year with options to extend. Medserv (Cyprus) Limited will provide these services from its facili- ties in the port of Limassol. e award of this con- tract makes Total the third major International Oil Company to be working with Medserv in Cyprus, another major step to broaden the Group's oil and gas client portfolio within the Eastern Mediterra- nean region. Eni and Total are lining up a multi-well drilling programme off Cyprus. e drilling is expected to begin by the end of this year or early 2020. e two European majors plan to drill fi ve wells, with one probe in each of fi ve blocks. Medserv Cyprus awarded logistics contract by Total Medserv Cyprus awarded logistics contract by Total 'THE Profile of the Mal- tese Investor' was the main theme of a seminar organ- ised for Bank of Valletta's Financial Advisors. The presentation was delivered by Antonietta Bonello, the author of a research publication based on the statistical data from 370 responses to a ques- tionnaire directed at active Maltese investors. Speaking about the sem- inar, Mark Agius, Execu- tive, Wealth Management emphasised the impor- tance of determining the profile of the investor. 'It is paramount that our financial advisors have the skills and tools to deter- mine the investment goals and level of risk the inves- tor is willing to take.' 'These have to go hand in hand with well-managed and diversified assets,' he said. 'Diversification across equities, bonds and money-market instru- ments helps mitigate any negative economic effects and ensure the long-term viability of your assets.' Bonello's research sheds light onto the major char- acteristics of the local financial investors who trades on the Malta Stock Exchange, delving into variables affecting the in- vestor's trading decisions. Key areas explored in- cluded investor's expec- tations, returns from in- vestment, risk and loss aversions, disposition ef- fect, financial literacy, and overconfidence. The study also analysed the influence of financial advisors on the investor's risk appetite. Bonello substantiated her findings through inter- views with 29 financial ad- visors operating in differ- ent localities around Malta and Gozo to corroborate her research findings. In his closing remarks, BOV Director Paul V Azzo- pardi said that the profi le of an investor was the sum of their values, lifestyle, fi nan- cial resources, timeframes and tolerance to risk. 'We have full confidence that our financial advisors have the skills and tools to determine the investor's profile and tailor a specif- ic portfolio to satisfy these criteria and achieve the customer's goals." he said. 'The profile of the Maltese investor' for BOV financial advisors Antonietta Bonello